Income from the property per month is about $4000 gross, $3000 goes to Mortgage(PITI) and about $500 misc expenses things netting me around $500 a month.

And typically the prices of bonds go up when the stock market goes down.This is a fairly gross over-simplification, but gives you a rough idea of how you can expect mortgage rates to move.

Gross.

Our economy has fallen into such a deep recession that some forecasters predict a record 40% decline in gross domestic product in the second quarter.

For the purposes of this Chapter, a petty misdemeanor cannot be grounds for a denial;Any misdemeanor, gross misdemeanor or felony conviction stemming from the following traffic offenses: reckless driving, driving without a license, driving with a suspended or revoked license, and DUI that did not result in additional charges for injury to a person;Any conviction for misdemeanor or gross misdemeanor offenses for i.j.which the dates of sentencing are older than three (3) years;Except as indicated in paragraph (j) below, any criminal conviction for felony offenses for which the dates of sentencing are older than seven (7) years; however, a landlord may deny an applicant who has been convicted of the illegal manufacture or distribution of a controlled substance as defined in section 102 of the Controlled Substances Act (21 U.S.C. 802), or for those same offenses that mandate denial of tenancy in federally assisted housing subject to federal regulations, including but not limited to when any member of the household is subject to a lifetime sex offender registration requirement under a state sex offender registration program.Any criminal conviction for the following felony offenses for which the dates of sentencing are older than ten (10) years: first-degree assault (Minnesota Statutes section 609.221), first-degree arson (Minnesota Statutes section 609.561), or aggravated robbery (Minnesota Statutes section 609.245), first- degree murder (Minnesota Statutes section 609.185), second-degree murder (Minnesota Statutes section 609.19), third-degree murder (Minnesota Statutes 609.195), first-degree manslaughter (Minnesota Statutes 609.20, subds. 1, 2, and 5), kidnapping (Minnesota Statutes section 609.25, subd. 2(2)), or first-degree criminal sexual conduct (Minnesota Statutes section 609.342, subds. 1(b) and (g)). (2) Credit history.(3) Rental history. a.

First issue I am running into is my current mortgage officer will only use my net income not gross when determining DTI.

You automatically get income credit for 75% of gross after renovated rent to help as extra income to qualify for the mortgage beyond just what your employment may pay you.

1% rent ratio equals 6% return on a cash purchase (12% gross and 50% expense).

I pay 8% gross rents collected for property management, others pay $50-$100 flat per door .  

My PITI payment is $630/month while my gross rent is $1,370.